Market Snapshot
- Median listing price
- $663K
- Median rent
- $1,135/mo
- Days on market
- 121 days
- Gross rental yield
- 2.06%
- STR vs LTR
- $1,823/mo STR · $1,135/mo LTR
The median listing price in Dallas, TX ZIP 75238 is $662,500 as of June 2026.
The median market rent in Dallas, TX ZIP 75238 is $1,135/month as of June 2026.
The median days on market in Dallas, TX ZIP 75238 is 121 days as of June 2026. The market is currently neutral.
At a median list price of $662,500 and a median rent of $1,135/month, the gross rental yield in Dallas, TX ZIP 75238 is 2.06% as of June 2026.
In Dallas, TX ZIP 75238, median Airbnb revenue is $1,823/month compared to median long-term rent of $1,135/month as of June 2026.
Dallas, TX 75238 Real Estate Market Report
ZIP Code: 75238
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the Dallas TX 75238 area are averaging approximately 6.4% to 6.8%, reflecting a stable market environment for property owners compared to early 2026 origination levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price is the primary indicator of market value and recent transaction activity; however, the median sold price is unavailable in the provided dataset, so transaction-based valuation must be interpreted from the sample context and listing-level metrics.
- median listing price 662,500 alongside a median price per square foot of 306 and a price year-over-year trend of down suggests seller asking levels are higher than current transactional momentum and that short-term pricing is softening.
- median days on market 121 indicates slower sales velocity; combined with elevated inventory relative to sales, this appears to give buyers more negotiation leverage even as the overall market temperature remains neutral.
- interest rate pressure elevated—with current 30-year fixed mortgage rates averaging approximately 6.4% to 6.8%—and a rent year-over-year trend that is flat (median market rent 1,135) imply limited near-term rent-driven support for price appreciation and continued sensitivity to financing costs.
Notable Properties
The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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